Cryptocurrency payment platform wyrecame to the fore with the allegation that it would be “closed” by its two former employees. Less than a few days after these allegations, the platform restricted its users to the point where they could withdraw 90% of their assets. The main purpose of this restriction is to prevent users from withdrawing cash by selling their assets.
Making a statement on January 7, 2023, Wyre announced that it has introduced a withdrawal limit in order to “seek the interests of the community”. The platform wants to overcome the harsh bear market with this restriction. As a matter of fact, users will be able to withdraw up to 90% of their current assets. The platform also underlined that it is looking for strategic partners to overcome the problems.
We are modifying our withdrawal policy. While customers will continue to be able to withdraw their funds, at this time, we are limiting withdrawals to no more than 90% of the funds currently in each customer account, subject to current daily limits.
— Wyre 🔊 (@sendwyre) January 7, 2023
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In addition, the platform has appointed Yanni Giannaros as interim CEO. Wyre users will be subject to changes in daily withdrawal limits as the platform requires new operational strategies.
Koinfinans.com As we reported, news marking the collapse of Wyre, crypto wallet MetaMask It had spread after the end of its partnership with.
MetaMask announced on January 5 that Wyre has been removed from its mobile aggregator, which allows users to purchase cryptocurrencies directly from a digital wallet.